T ramblings...
Hey Stan, I really do appreciate your inputs !
I'm not near as good at TA as you...here's my read without TA
Yesterday it looked like a possible quick test of the support, but that didn't happen and the close was 'not great', with T seeming to move up only to fall back. I totally stayed out yesterday and waited to see what would happen today. (I've got long term shares, am looking for a position trade here.)
Long story, but you're right. It definitely looks to be going back to test 57, and it's approaching too slowly for my taste. I've had better success giving away gains catching on the way up, then trying to time lows. I'd like and take inputs on setting an entry point after a move back up at this point, and wait and see how T holds the support level(s). Yes, 52 sound about right, but maybe just 53.
No big hurry, solid stock, watching for now. Short term I've been more focused on BRCM, ASTN, IDTC again as of today, COMS of course.
Take a look at BRCM for me, if so inclined. Expecting it to run tomorrow.
Thanks :-)
Waldeen
P.S. any TA books/software you recommend? What is your favorite
book? |
